2 Highfield Gardens, Gildersome, Morley, Leeds, LS27 7DP
Estimate of £296k for this property. 501 sales in LS27 in the last 12 months; median £215k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£290,000
- SDLT standard£4,500
- SDLT BTL surcharge (5%)£14,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£311,100
Funding
- Deposit (25%)£72,500
- Mortgage (75% LTV)£217,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£93,600
Monthly Returns
- Monthly Rent (estimate)£1,400
- Mortgage Payment (IO)-£952
- Management (10%)-£140
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£208
Capital Returns
- 5yr Property Value£328,108
- 5yr Capital Gain (2.50% pa, historical)+£38,108
- 5yr Cumulative Rent (net, before lease costs)+£72,668
- Less mortgage interest-£57,120
- 5yr Total Return (before lease costs)+£53,656
Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £297,250 | £79,750 | +£2,496 | +£9,746 | 10.4% |
| Year 2 | £304,681 | £87,181 | +£5,292 | +£19,973 | 21.3% |
| Year 3 | £312,298 | £94,798 | +£8,395 | +£30,693 | 32.8% |
| Year 4 | £320,106 | £102,606 | +£11,811 | +£41,917 | 44.8% |
| Year 5 | £328,108 | £110,608 | +£15,548 | +£53,656 | 57.3% |
Modelled on the live asking price. Capital growth 2.50% a year is the LS27 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£93,600).
Price Forecast
No forecast available.